American Airlines 737-800. By Rob Finlayson

American Airlines (AA), which has struggled financially more than any US carrier over the past 18 months (ATW Daily News, Oct. 5), said its fourth-quarter mainline capacity will be down 3% year-over-year.

Lowered capacity resulting from a reduced winter schedule will mean 11 Boeing 757s will be retired in 2012, it added.

AA said it is taking the step "in light of the uncertain economic environment, ongoing high fuel costs and to ensure we run a reliable schedule for our customers given additional pilot retirements we anticipate throughout the fourth quarter."

Settling into his new role as the head of IATA, director general and CEO Alexandre de Juniac has made clear his frustration with government policies that fail to recognize the value of aviation....More

The world’s airlines will continue their streak of collective profitability in 2017, but anticipated higher costs, coupled with a sluggish global economy that lead IATA forecasters to believe next year’s industry net profit will be almost $6 billion lower than 2016’s expected profit....More